This bill authorizes the division of motor vehicles to engage a third-party vendor to enhance the secure transfer of title applications and information between the division, municipal agents, and car dealerships. Key amendments include the introduction of terms such as "electronic lien and title (ELT) hub" and "ELT service provider," which define the roles of contracted agents and service providers in facilitating electronic transactions related to motor vehicle titles. The bill also specifies that the ELT hub and service providers are permitted to exchange essential motor vehicle and title information, ensuring that such data is used solely for title issuance and the management of security interests.

Additionally, the bill modifies existing laws regarding the delivery of certificates of title, changing the term "mailing" to "delivery" and allowing for both mailing and delivery to the first lienholder or owner. It mandates that lienholders notify the department of any release of security interest within ten days, ensuring that the department can issue a title free of security interest to the owner. The act is set to take effect 60 days after its passage.

Statutes affected:
Introduced: 259:9, 260:14, 261:9, 261:21, 261:25, 261:27
As Amended by the Senate: 259:9, 260:14, 261:9, 261:21, 261:25, 261:27
Version adopted by both bodies: 259:9, 260:14, 261:9, 261:21, 261:25, 261:27